STAG INDUSTRIAL: Hurricane Ian Causes No Material Damage to Our Buildings
October 11, 2022
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Stag Industrial Intrinsic Value – STAG ($NYSE:STAG) Industrial is a real estate investment trust that focuses on the industrial sector. The company reported on Monday that none of its buildings in Florida, Georgia, or the Carolinas had been materially damaged by Hurricane Ian. “All of our buildings in Ian’s path are able to support normal tenant operations,” said STAG President and CEO Bill Crooker.
STAG Industrial is committed to providing its tenants with high-quality buildings and maintaining its properties to the highest standards. The company’s buildings are designed to withstand severe weather conditions, and STAG Industrial has a comprehensive disaster response plan in place to ensure that its properties are quickly repaired and operational following a major event. STAG Industrial’s experienced team is prepared to respond quickly and efficiently to any damage that may have occurred.
Price History
STAG INDUSTRIAL is a real estate investment trust that focuses on the industrial sector. The company owns and operates properties in the United States. STAG Industrial’s stock opened at $28.80 on Monday, up 2.6% from its previous close of $28.40. The stock was up on news that Hurricane Ian had caused no material damage to the company’s buildings. Most of the news about Hurricane Ian has been negative so far.
However, STAG Industrial investors seem to be relieved that the company’s buildings were not damaged.
VI Analysis – Stag Industrial Intrinsic Value
Company’s fundamentals are important indicators of its long term potential. The VI app makes it easy to analyze a company’s financials and calculate its intrinsic value. Based on the app’s valuation, the intrinsic value of STAG INDUSTRIAL shares is around $33.9. However, the current share price is only $29.2, meaning the stock is currently undervalued by 14%.
Summary
The company’s focus on the industrial sector and its geographical diversification has resulted in a portfolio with low exposure to any one particular economic or political event. Hurricane Ian was a strong storm that caused damage as it moved across the Atlantic Ocean, but fortunately it had little impact on STAG’s buildings. The company’s properties are located in areas that are not prone to hurricanes, so STAG was not directly in the path of the storm. While some of its tenants may have been affected, the company does not expect any material damage or disruptions to its business.
